Cardamom futures prices are expected to continue the positive trend on good demand from bulk buyers.
According to trade sources, bulk buyers and exporters are buying heavily as arrivals season is likely to end by March, which is having a positive impact on prices.
Total daily arrivals at spot auction held in Kerala were around 45,130 Kgs. on Wednesday
According to data released by Spices board, cardamom exports during Apr-Dec, 2011 were up by 389% to 3450 tons against same period in last year
Cardamom exports from India have already met the target of 1500 tones (2011-12), which is indicating huge export demand for Indian cardamom
Total arrivals as on February 19, 2012 were at 12,928 tonnes and the sales at 12,589 tonnes as against around 7,160 tonnes of arrivals and about 6,985 tonnes sales in the same period last year
Cardamom MCX Mar-12 support: 802 814 resistance: 837 845 Buy at 820 TP 853 SL 802
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